HNASX vs. FELG

Last updated Jun 4, 2026

HNASX (Homestead Growth Fund) and FELG (Fidelity Enhanced Large Cap Growth ETF) are both Large Cap Growth Equities funds. Over the past year, HNASX returned 19.49% vs 27.58% for FELG. With a 0.96 correlation, they move nearly in lockstep. HNASX charges 0.84%/yr vs 0.18%/yr for FELG.

Performance

HNASX vs. FELG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead Growth Fund (HNASX) and Fidelity Enhanced Large Cap Growth ETF (FELG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HNASX achieves a 5.14% return, which is significantly lower than FELG's 7.70% return.

HNASX

• 1D: -1.01%
• 1M: 5.19%
• YTD: 5.14%
• 6M: 4.93%
• 1Y: 19.49%
• 3Y*: 23.30%
• 5Y*: 11.70%
• 10Y*: 17.24%

FELG

• 1D: -1.12%
• 1M: 5.85%
• YTD: 7.70%
• 6M: 7.23%
• 1Y: 27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HNASX vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HNASX Homestead Growth Fund	5.14%	16.97%	30.93%	4.20%
FELG Fidelity Enhanced Large Cap Growth ETF	7.70%	18.44%	35.45%	4.20%

Correlation

The correlation between HNASX and FELG is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.96

The correlation between HNASX and FELG has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

HNASX vs. FELG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HNASX

HNASX Risk / Return Rank: 15
HNASX Sharpe Ratio Rank: 19
HNASX Sortino Ratio Rank: 17
HNASX Omega Ratio Rank: 18
HNASX Calmar Ratio Rank: 11
HNASX Martin Ratio Rank: 11

FELG

FELG Risk / Return Rank: 44
FELG Sharpe Ratio Rank: 51
FELG Sortino Ratio Rank: 49
FELG Omega Ratio Rank: 49
FELG Calmar Ratio Rank: 34
FELG Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HNASX vs. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Growth Fund (HNASX) and Fidelity Enhanced Large Cap Growth ETF (FELG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HNASX	FELG	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.79	-0.56
Sortino ratio: Return per unit of downside risk	1.72	2.45	-0.73
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio: Return relative to maximum drawdown	1.07	1.71	-0.65
Martin ratio: Return relative to average drawdown	3.33	5.86	-2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HNASX vs. FELG - Sharpe Ratio Comparison

The current HNASX Sharpe Ratio is 1.23, which is lower than the FELG Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of HNASX and FELG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HNASX	FELG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.79	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.32	-1.01

Drawdowns

HNASX vs. FELG - Drawdown Comparison

The maximum HNASX drawdown since its inception was -72.74%, which is greater than FELG's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for HNASX and FELG.

Drawdown Indicators

	HNASX	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-72.74%	-23.89%	-48.85%
Max Drawdown (1Y) Largest decline over 1 year	-18.90%	-16.17%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-21.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.22%	—	—
Current Drawdown Current decline from peak	-1.01%	-1.34%	+0.33%
Average Drawdown Average peak-to-trough decline	-24.68%	-3.52%	-21.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	4.72%	+1.31%

Volatility

HNASX vs. FELG - Volatility Comparison

Homestead Growth Fund (HNASX) and Fidelity Enhanced Large Cap Growth ETF (FELG) have volatilities of 3.42% and 3.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HNASX	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	3.50%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	12.81%	11.59%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	15.46%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	19.89%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.80%	19.89%	+1.91%

HNASX vs. FELG - Expense Ratio Comparison

HNASX has a 0.84% expense ratio, which is higher than FELG's 0.18% expense ratio.

Dividends

HNASX vs. FELG - Dividend Comparison

HNASX's dividend yield for the trailing twelve months is around 14.56%, more than FELG's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELG Fidelity Enhanced Large Cap Growth ETF	0.34%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HNASX Homestead Growth Fund	14.56%	15.31%	6.29%	2.57%	6.80%	9.12%	4.73%	5.35%	10.41%	6.41%	1.54%	6.52%

Frequently Asked Questions

Can I hold both HNASX and FELG in my portfolio?

With a correlation of 0.94, HNASX and FELG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HNASX or FELG?

FELG has higher volatility (3.50%) compared to HNASX (3.42%). In terms of maximum drawdown, HNASX dropped -72.74% vs FELG's -23.89%.

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (1.79 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.